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Making Money with Your Car

Have you recently decided that you need an extra bit of cash flow in your life? Even with a decent job that you absolutely love, it doesn’t hurt to have a second job or enterprise to help you obtain money for all the adventures that life may hold, especially if you’re planning on taking a vacation or making a large purchase in the foreseeable future.

One of the largest assets that you have at your disposal may actually be able to help you—your vehicle. Your car, truck, van, and maybe even your motorcycle could possibly help you put a few extra dollars every month into your wallet or purse; it could even help you pay the vehicle off, or help you with a future tune-up or alteration. Here are several ways to make money with your drivable motor vehicle.

Renting Out Your Car

While it may not be your first choice as a means to garner extra funds, renting out your vehicle when you’re not using it—whether it be your primary vehicle or a secondary one sitting in the garage—could be quite beneficial. There are several ways to rent out your vehicle and a few different companies that can help you in doing so.

Are you going out of town on vacation? This is a great opportunity to make some of that budget back by using FlightCar.com or Turo.com, where your earnings are based on the market value of your car and the length of time that the renter utilizes it. Getaround.com and HyreCar.com are both good ways to rent out your car to other folks in the vicinity, say, when you’re at work or know you’re going to be at home for an extended period of time; simply download the app and list the amount of time your vehicle will be available and when it should be returned. With the majority of these opportunities, renters will be responsible for gas, so your car will be returned with fuel!

Owners of motorhomes or campers can sign up for RVShare.com and help other families out who are looking to make their own memories.

Rideshare Driving with your Car

One of the largest trends today in terms of making a few extra dollars on the side entails becoming a taxi driver of sorts. In the last five years, companies like Uber and Lyft have become the newest versions of rides for hire. These companies offer drivers flexible schedules and benefits, and the ability to get paid as they come and go. There are even benefits, discounts on vehicle maintenance costs and cells phone plans to name a few.

If you’re interested in only catering to a specific demographic there are also other options; HopSkipDrive is helpful for parents running late as it exclusively picks up children and brings them to their final destination; Juno by Gett are for those experienced drivers that would prefer to drive around professional people, though you must own a luxury vehicle of sorts.

Delivery (Food, Packages, Moving)

Being a delivery person has evolved since the days of being a pizza boy (which is still an option). Now it’s possible to be the knight in shining armor for many people who are either incapable, indisposed, or just a little too “sloth-y” to go out for their goods, and get paid decent money while doing so.

With apps like Uber Eats, Grub Hub, EatStreet, Postmates, and Munchery, you can help customers get the food they’re craving delivered right to their front doorstep. DoorDash is a similar service but caters to business people and usually entails bringing the entire office their meals.

Aside from food, thee are many other needs that people could have delivered and in this day and age, you’ll be able to add extra moolah by helping them out. The Texas-based Favor Delivery sees you earning money as a personal assistant that picks up anything that a customer might need. Shipt and Instacart are both services that will have you pick up groceries for patient customers, while Amazon Flex will have you deliver all sorts of packages for the multi-billion dollar company and pay you anywhere from $18 to $25 per hour to do so.

A company like Task Rabbit, privately owned businesses, or even your neighbors could offer you some extra cash in-exchange for the services of your van or truck and your help moving from point A to B—just make sure you lift with your legs, not with your back.

Advertisements

The idea behind using your car as an advertisement is that businesses will pay you to place an advertisement on your vehicle and pay you for the use of the “space.” Whether you use a service like MyFreeCar.com or ask a local business that will pay you what they can, it is a great chance to get money for doing something that you would essentially be doing (driving) regardless of what your errands looked like and still get paid for it.

Selling

Maybe you’ve just moved to a big city like Chicago or New York where the public transit system offers plenty of options to get around and you no longer see any use for your vehicle? Then selling your car is a no-brainer if you need extra cash. AutoTrader, CarSwap, and Blinker are just a few of the apps out on the market that can help you take care of making the final decision of selling your vehicle.

So, there it is: a few different ways that you can make extra money using your car. Whether selling, being a cabbie, or just offering general errand services, using your vehicle as a second enterprise definitely has more rewards and benefits than not driving aimlessly and looking for a solution to life’s troubles. See what you can do and what works best for you. Here’s to an immediate financial solution!

Jennifer Garcia

Jennifer Garcia is LoanMart’s Community Organizer. She is responsible for working with our partners and helps to set up many events, charitable organization fundraisers/donations, volunteer work and scholarship opportunities brought to you by LoanMart.

If you are an existing LoanMart customer and you have a title loan you just don’t think you can afford, we want you to know that we understand. Sometimes money can be tight and other situations can happen that could cause us to need immediate financial attention. That’s why we’ve put in multiple steps to ensure that if you can’t afford a title loan, we are here to help!